Banking

Banking dates back to 1786, the first bank established in India, then the nationalisation of banks in 1969 and recently the liberalisation of the same since 1991.

In India the banking sector is segregated as public or private sector banks, cooperative banks and regional rural banks. Foreign banks has been given a different head followed by upcoming foreign banks in this section.

Bouquet of services are at customers demand in todays banking system. Different types of accounts and loans, facilitating with plastic money and money transfer across the globe.

The last decade experienced a complete reform in the financial and banking sector. The capital and financial market, banking & non-banking organisation and financial instruments was redressed towards development.

RBI is the central bank of the country since 1934. It regulates, controls credit, issue licenses and functions as banker of all banks and the government.

Industrial Development Bank of India (IDBI) is the tenth largest bank in the world in terms of development.

With the advancement of technology, banking sector has become more easy, fast, accurate and also time saving. ATMs, Mobile Banking, SMS Banking and Net Banking is only the tip of an ice-berg.

This section discusses upon the servicres provided to the NRIs in India through different dedicated account. FAQs makes the section more comprehensive.

The functions of Indian Banks Association (IBA), its organisational structure, the addresses and contact details are discussed in this section.

Only 42% of rural households have bank accounts. Proxy Banking, a bank through Kiosk and ATM challenges to penetrate the untouched population in interior India.

Know some of the facts which you always wanted to know, like first bank in India, first Indian bank in world, first bank to get ISO certificate and many more.

Know all about Credit Cards and Indian Banking services for NRIs through this section with number of expected queries.

The following are best banks which are currently operating in India under the guidelines of Reserve Bank of India (RBI)